A year after the deadly Pacific Palisades and Eaton fires, the damage tally is in — more than $8 billion in home values wiped out across the Palisades and Altadena.
The total value of destroyed homes in the Pacific Palisades and Altadena fell several billion dollars between late 2024 and the second half of 2025, Realtor.com reported, citing its latest housing data analysis completed by researchers. In the Pacific Palisades, the total value of destroyed homes fell to $10.8 billion from $14.7 billion before the fires, while home values in Altadena dropped to $4.7 billion from $7 billion pre-fires.
Homes in the Pacific Palisades that were damaged by the fires but not completely destroyed saw their total value drop to $1.9 billion from $2.2 billion, according to Realtor.com. Those properties in Altadena saw values drop to $658 million from $825 million.
Properties that were not even affected by the fires, but were in the hardest-hit burn zones also experienced sharp drops in property value. Overall, aggregate values in the Palisades decreased to $9.4 billion from $10.4 billion; Altadena’s fell to $3.2 billion from $3.8 billion.
As for homes bought between 2020 and 2024 that were completely destroyed and sold as vacant lots last year, sales prices were typically about 50 percent off their most recent pre-fire purchase prices.
In total, the fires wiped away an estimated $8.3 billion in home value across the Pacific Palisades and Altadena alone. Other affected communities such as Malibu and Topanga were not counted in Realtor.com’s analysis, which incorporated data from real estate analytics firms Cotality and Quantarium. Redfin previously reported that $51.7 billion worth of properties were affected across the City of Los Angeles, but Realtor.com’s report only deals with the loss of property values in the Pacific Palisades and Altadena.
Over the past year, the City of Los Angeles has issued more than 1,400 rebuilding permits in and around the Pacific Palisades, which falls within Los Angeles city limits, according to the city’s rebuild progress dashboard. Only two homes in the seaside enclave have been fully rebuilt so far. In unincorporated parts of L.A. County, which includes Altadena and other affected areas, seven homes have been rebuilt with nearly 1,200 permits issued thus far, per the county’s rebuild tracker.
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